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Hyundai Hits $67.7B Market Cap on Robotics, Self-Driving Optimism

Hyundai Motor's market capitalization briefly surpassed the 100 trillion won ($67.7 billion) mark for the first time, driven by investor optimism over its robotics and autonomous driving initiatives. The gains were reversed in afternoon trading, with the share price closing slightly lower. Industry watchers point to the company's robotics strategy, including its affiliate Boston Dynamics, and its autonomous driving joint venture Motional as key factors. The broader South Korean stock market ended lower, snapping a 12-day winning streak.

Key Points: Hyundai Market Cap Tops $67B on Robotics & Autonomous Driving

  • Market cap briefly topped 100 trillion won
  • Robotics strategy a key driver
  • Autonomous driving plans cited
  • Stock gains reversed in afternoon
2 min read

Hyundai's market cap touches $67.7 billion mark on optimism over robotics, self-driving projects

Hyundai Motor's market value briefly surpassed $67.7 billion, fueled by investor optimism for its robotics and autonomous driving projects like Boston Dynamics.

"As preparations for commercialization accelerate, momentum (for Hyundai) is expected to extend through 2028 - Hanwha Investment & Securities"

Seoul, Jan 20

The market capitalisation of Hyundai Motor on Tuesday touched above the 100 trillion-won level for the first time on Tuesday, backed by growing investor optimism over its robotics and autonomous driving initiatives, industry watchers said.

The share price of Hyundai Motor rose as high as 496,500 won in early trading, briefly lifting the company's market capitalization to more than 101.66 trillion won, reports Yonhap news agency.

The gains, however, were reversed in afternoon trading, with the company's share price closing 0.21 percent lower at 479,000 won, bringing its market capitalization to 98.9 trillion won.

Industry watchers said expectations surrounding Hyundai Motor's robotics strategy have been a key driver behind the company's recent price surge. Boston Dynamics, the group's U.S.-based robotics affiliate, recently unveiled its next-generation humanoid robot, Atlas, and laid out its artificial intelligence (AI) robotics road map.

Hyundai Motor's autonomous driving strategy has also been cited as a key factor.

Motional, a U.S. joint venture of Hyundai Motor, plans to commercialize a fully driverless Level 4 robotaxi service in Las Vegas by the end of 2026.

Market watchers noted that investors have begun to recognize the commercialization potential of humanoid robotics for Hyundai Motor.

"As preparations for commercialization accelerate, momentum (for Hyundai) is expected to extend through 2028," Hanwha Investment & Securities said in a recent report.

Meanwhile, South Korean stocks ended lower on Tuesday to snap their 12-day winning streak as investors cashed in gains in major chipmakers and automakers. The local currency fell against the U.S. dollar.

After a choppy session, the Korea Composite Stock Price Index (KOSPI) fell 18.91 points, or 0.39 percent, to finish at 4,885.75, after touching an all-time intraday high of 4,935.48. The index had been on a steady rise for 12 consecutive sessions through Monday, gaining more than 16 percent.

Auto shares also fell. Leading carmaker Hyundai Motor dropped 0.21 per cent to 479,000 won, and affiliate Kia fell 3.3 per cent to 163,900 won.

- IANS

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Reader Comments

P
Priya S
Very impressive numbers, but the article also shows how volatile the market can be. Up in the morning, down by close. Makes you wonder if this robotics hype is sustainable or just another bubble. Still, exciting times for tech!
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Rohit P
As a Hyundai car owner in India, this is great to see. Hope this success means more investment in the Indian market—better aftersales service, newer models, and maybe even introducing some of this autonomous tech here. Our roads could use some smart cars! 😅
S
Sarah B
The focus on Boston Dynamics is key. Atlas is incredible engineering. If Hyundai can successfully commercialize those robots for logistics or manufacturing, it's a game-changer. This isn't just about cars anymore.
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Vikram M
Respectfully, I think the article buries the lede a bit. The KOSPI snapped a 12-day winning streak! That's a big deal. The Hyundai news is positive, but the broader market correction mentioned at the end is important context for investors.
K
Kavya N
Level 4 robotaxis by 2026 in Las Vegas? That's ambitious. I wonder when we'll see such advanced self-driving tech on Indian roads. Our traffic conditions are a whole different challenge for AI. Maybe they should test here for the ultimate challenge!

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